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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Horgad who wrote (102106)3/13/2009 3:07:33 PM
From: RJA_  Respond to of 110194
 
>>When did Tulving raise his minimum purchase to 20 ounces for gold and platinum? I swear it wasn't always that high, was it? So about 20K is needed just to get a foot in the door. I guess he figures that if he going to sell out anyhow that he might as well sell out with as few as orders as possible so his overhead goes down...

I think he wanted to get away from accepting checks and the delay for them to clear.

Only accepts wires now, so wants to defray cost of incoming wire...

Just a guess.



To: Horgad who wrote (102106)3/13/2009 3:13:58 PM
From: Chispas  Read Replies (3) | Respond to of 110194
 
Horgad, in my investigation of where to buy gold (in

response to a request from a friend), I did some visiting

with local coin dealers in the DFW Metroplex.

There was one (a very popular dealer which I will not

name) offering one ounce gold American Eagles for $90 over

spot, even if only for a single coin was the purchase.

Delivery estimate was 2 weeks and was subject, of course, to

change.

To initiate the order required a 10 percent down payment,

not available for refund I was told. No refund because

the dealer said he was obligated even if the delivery took

too long.

Anyway, there may be local sources that are better choices

than Tulving and other mail order dealers.



To: Horgad who wrote (102106)3/13/2009 3:14:26 PM
From: orkrious  Read Replies (1) | Respond to of 110194
 
When did Tulving raise his minimum purchase to 20 ounces for gold and platinum?

I think it's been that way for at least a couple of years.



To: Horgad who wrote (102106)3/13/2009 3:16:50 PM
From: Jack Hartmann  Read Replies (1) | Respond to of 110194
 
I guess he figures that if he going to sell out

I am surprised one of these gold sellers doesn't take a pile of orders and run away with the cash and gold.